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Brokers predict that Capital One Financial Co. (NYSE: COF) will post earnings of $ 4.99 per share for the current fiscal quarter, Zacks investment research reports. Seven analysts made estimates for Capital One Financial’s earnings, with the highest EPS estimate at $ 5.77 and the lowest estimate at $ 3.98. Capital One Financial posted earnings per share of $ 5.05 in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.2%. The company is expected to release its next earnings report on Thursday, October 28.
On average, analysts predict that Capital One Financial will report annual earnings of $ 24.67 per share for the current year, with EPS estimates ranging from $ 23.68 to $ 25.43. For the next fiscal year, analysts predict the company will post earnings of $ 17.75 per share, with EPS estimates ranging from $ 14.22 to $ 23.08. Zacks Investment Research’s EPS calculations are an average based on a survey of sales analysts who follow Capital One Financial.
Capital One Financial (NYSE: COF) last released its quarterly earnings data on Thursday, July 22. The financial services provider reported earnings of $ 7.71 per share for the quarter, beating the Zacks’ consensus estimate of $ 4.78 by $ 2.93. The company posted revenue of $ 7.37 billion in the quarter, compared to a consensus estimate of $ 7.13 billion. Capital One Financial posted a return on equity of 19.07% and a net margin of 37.90%. Capital One Financial’s quarterly revenue increased 12.5% ​​year-on-year. During the same period of the previous year, the company posted ($ 2.21) earnings per share.
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A number of brokerage firms have weighed on COF. Jefferies Financial Group increased its price target on Capital One Financial from $ 180.00 to $ 190.00 and gave the stock a “buy†rating in a report released on Friday, July 23. Seaport Res Ptn reiterated a “neutral” rating on Capital One Financial shares in a report released on Monday, August 30. Bank of America lowered its price target for Capital One Financial shares from $ 194.00 to $ 190.00 and set a “buy†rating on the stock in a research report released on Friday, July 23. Stephens raised his price target on Capital One Financial shares from $ 152.00 to $ 170.00 and gave the stock an “equal weight” rating in a research report on Friday, July 23. Finally, Odeon Capital Group lifted the shares of Capital One Financial from a “sell†rating to a “hold†rating and set a price target of $ 148.90 on the stock in a research report on Monday July 19. One investment analyst rated the stock with a sell rating, five issued a custody rating, twelve assigned a buy rating, and one issued a strong buy rating for the stock. According to MarketBeat data, the company currently has a consensus rating of “Buy†and an average target price of $ 166.27.
In other news from Capital One Financial, an insider Michael slocum sold 53,817 shares of the company in a trade on Tuesday, July 27. The shares were sold for an average price of $ 161.80, for a total value of $ 8,707,590.60. Following the completion of the sale, the insider now directly owns 81,092 shares of the company, valued at $ 13,120,685.60. The transaction has been disclosed in a legal file with the Securities & Exchange Commission, which can be accessed via the SEC website. In addition, CEO Richard D. Fairbank sold 218,989 shares of the company in a trade on Tuesday, July 27. The stock was sold at an average price of $ 161.81, for a total trade of $ 35,434,610.09. Disclosure of this sale can be found here. In the past three months, insiders have sold 285,073 shares of the company valued at $ 46,279,480. Insiders own 1.31% of the company’s shares.
Several hedge funds have recently increased or reduced their stakes in the company. Virtu Financial LLC increased its position in shares of Capital One Financial by 914.7% in the second quarter. Virtu Financial LLC now owns 32,359 shares of the financial services provider valued at $ 5,006,000 after acquiring an additional 29,170 shares during the period. Bank of America Corp DE increased its position in Capital One Financial shares by 27.8% in the second quarter. Bank of America Corp DE now owns 8,148,023 shares of the financial services provider valued at $ 1,260,419,000 after purchasing an additional 1,771,101 shares during the period. Sunflower Bank NA purchased a new position in Capital One Financial shares during the second quarter valued at approximately $ 1,417,000. Parametric Portfolio Associates LLC increased its position in shares of Capital One Financial by 2.0% during the second quarter. Parametric Portfolio Associates LLC now owns 1,843,293 shares of the financial services provider valued at $ 285,139,000 after purchasing an additional 35,258 shares during the period. Finally, Sawtooth Solutions LLC purchased a new position in shares of Capital One Financial during the second quarter valued at approximately $ 301,000. Hedge funds and other institutional investors hold 88.51% of the company’s shares.
Shares of Financière Capital One traded up $ 0.15 during trading hours on Friday, reaching $ 166.17. 2,679,352 shares of the company were traded, against an average volume of 3,155,787. The company has a rapid ratio of 0.89, a current ratio of 0.91 and a debt ratio of 0.55. The company’s 50-day simple moving average is $ 163.86 and its 200-day simple moving average is $ 153.20. Capital One Financial has a twelve month low of $ 67.08 and a twelve month high of $ 177.95. The company has a market cap of $ 74.13 billion, a PE ratio of 6.63, a PEG ratio of 0.30 and a beta of 1.77.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 20. Investors of record on Monday, August 9, received a dividend of $ 0.60. This represents a dividend of $ 2.40 on an annualized basis and a return of 1.44%. This is a positive change from Capital One Financial’s previous quarterly dividend of $ 0.40. The ex-dividend date of this dividend was Friday August 6. Capital One Financial’s payout ratio is currently 41.45%.
About Capital One Financial
Capital One Financial Corp. operates as a financial holding company. The company engages in the provision of financial products and services. It operates in the following segments: Credit Card, Personal Banking and Commercial Banking. The credit card segment provides personal and small business card loans, as well as international card lending activities.
Further Reading: Growth and Income Funds
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